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SpaceX Stock Slides Below IPO Price as Wall Street Splits on $1.75T Valuation
SpaceX stock has dropped 34% from its peak and fallen below its $135 IPO price. Wall Street remains divided on the $1.75 trillion valuation amid concerns over profitability and execution risks.
Prime’s Australian Distributor Collapses Into Administration With £4.8M Debt
Prime’s Australian distributor Congo Brands Australia enters administration owing AU$7.92 million with only AU$84,855 cash. Sales fell 53% to AU$14.5 million in 2024.
Manus Could Get Tencent as Largest Shareholder After Meta Deal Collapse
Tencent is in talks to become Manus’ largest shareholder, the Financial Times reported Thursday. This follows Beijing’s order forcing Meta to unwind its $2 billion Manus acquisition. Tencent, alongside original investors ZhenFund and HSG, plans to buy back the AI startup at the same $2 billion valuation. The reversal marks a major shift in China’s…
ElevenLabs Explores Tender Offer That Could Value AI Voice Startup at $22 Billion, Report Says
ElevenLabs is moving fast. According to a Bloomberg report, the AI voice company is discussing a secondary share sale with investors. This deal, known as a tender offer, could value the startup at $22 billion. If finalized, the price tag reveals how quickly the company’s value is climbing. Five months ago, in February 2026, a…
Yatra Online Shares Jump 6% to ₹117.80 on Reports of Potential 15 to 20% Stake Purchase in Ixigo
The rally in Yatra Online shares grabbed investors’ attention after reports suggested that Ixigo could acquire a 15% to 20% promoter stake in the online travel company. The market viewed the development as a possible step toward consolidation in India’s fast-growing online travel industry. The stock climbed to ₹117.80, gaining nearly 6% during Friday’s trade,…
UK Supreme Court Rules Against Gerko in £22.5M Tax Dispute, June 18
UK Supreme Court rules against billionaire trader Alex Gerko in £22.5M tax dispute over fund structure and income tax classification.
SpaceX Buys Cursor for $60B: Four MIT Founders Become Billionaires, June 17
SpaceX acquires Cursor AI for $60 billion in all-stock deal. Four MIT co-founders become multibillionaires. Deal closes Q3 2026.
SpaceX Acquires Cursor for $60 Billion in All-Stock Deal, June 18
SpaceX acquires Cursor for $60 billion in all-stock deal to enhance AI capabilities and compete in enterprise coding tools.
Charlie Javice Seeks Trump Pardon After $175M JPMorgan Fraud, June 15
Charlie Javice, Frank founder, seeks Trump pardon after fraud conviction for inflating customer numbers sold to JPMorgan for $175M.